That is the conclusion emerging from the answers recorded in the
context of the research conducted by EO Greece, the Greek chapter of the
global entrepreneurship network EO, with the participation of its
member entrepreneurs.
In particular, more than half of the participants (52.7%) stated that
their companies have experienced a decline in their operations due to
the effects of COVID-19. In this environment, however, there are those
who found and took advantage of opportunities, with the result that 23%
answer that their company grew in 2020.
Despite the challenges posed by the health crisis, the leaders of the
companies that recorded losses, remain optimistic that they will be able
to recover relatively soon. As a result, the majority (73.4%) of the
members of EO Greece expect this development by the end of 2021. In
addition, 18.4% of the participants expect that the recovery of their
activities will take place in 2022.
As for the factors that will "unlock" the recovery, the EO member
entrepreneurs focused on three key areas. Investments in promoting
innovation and introducing new products / services are the answer given
by 60% of respondents. In addition, 49.1% see the adjustment of their
strategic and business plan as a way out. Respectively, strengthening
their company with the right executives is the key point for 49.1% of
the participants.
Overall, the responses of the entrepreneurs who participated in the
survey show a disposition for extroversion and dynamism, rather than for
folding and conservative moves, such as reducing jobs or reducing the
operating costs of companies.
The annual survey of EO Greece was attended by entrepreneurs-members of
the entrepreneurship network, who represent companies operating in the
Greek and international market, in a wide range of sectors, such as:
Technology, Retail, Food and Beverage, Medical Services, Marketing and
Communication , Constructions etc.
It is noted that EO Greece is the Greek chapter of the Entrepreneurs
Organization (EO), a leading global business organization. EO Greece was
founded in 2014 and to date has developed a very active peer-to-peer
entrepreneurship network, consisting of 73 member entrepreneurs, with an
average age of 43 years. The companies of the EO members have a total
turnover of over 700 million dollars on an annual basis and directly
employ almost 9,500 employees, in full-time jobs.
